Godawari Power and Ispat Limited allotted 3,71,520 equity shares of face value Re. 1/- each fully paid up upon exercise of vested options under the 'Godawari Power and Ispat Limited - Employee Stock Option Plan 2023' (GPIL ESOP-2023).
The allotment was approved by the Nomination and Remuneration Committee through Circular Resolution passed on 30.05.2026 at around 02:30 P.M.
Breakdown of Allotment:
- From 2nd Grant: 11,715 shares allotted (cumulative: 73,855 shares)
- Total cumulative allotment as on date: 13,88,990 shares
Financial Impact:
- Exercise price per share: ₹581 (after 25% discount to market price)
- Money realized by exercise of options: ₹4,31,70,624/-
- Paid-up share capital increased from ₹67,27,25,910/- to ₹67,30,97,430/-
ESOP Scheme Details:
- Compliance: SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Vesting schedule: 35% on first anniversary, 35% on second anniversary, 30% on third anniversary of Grant Date
- Exercise period: Within 3 years from date of vesting
- Options lapsed: 2,48,690 options due to employee resignations
- No lock-in period on allotted shares
Additional Information:
- The equity shares rank pari-passu with existing equity shares
- The company underwent a stock split where 1 equity share of ₹5 face value was subdivided into 5 equity shares of Re. 1 face value
- Diluted earnings per share pursuant to issue: ₹13.72 (calculated using earnings for year ended 31.03.2026)
- Listing: Shares are listed on BSE and NSE
Additional Announcements:
The filing primarily focuses on the ESOP allotment with no other corporate updates mentioned.